November 7, 2001
Hewlett family disowns Compaq-HP merger deal
Author: JT Smith
Kelly McNeill writes "Questioning the wisdom of diving deeper into the PC industry during the current slump, the Hewlett family members and trust, who own about a 5 percent share of Hewlett-Packard stock, announced that they will vote against the company's proposed merger with leading PC maker Compaq. The Hewlett family said that HP would be further exposed to a weak PC market, and that the merger would "dilute the current stockholders' interest in Hewlett-Packard's profitable printer and imaging business.""
- Open Source